Leases definition
Examples of Leases in a sentence
On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Leases and the Review of such Leases will be considered complete (a “Test Complete”).
The Asset Representations Reviewer will complete the Review of all of the Subject Leases within [__] [Business Days][calendar days] after receiving access to the Review Materials under Section 3.3(a).
Following the delivery of the list of the Subject Leases and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Lease is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor, the Depositor or the Servicer according to the applicable Transaction Document.
The Property is not subject to any Leases, except the Operating Lease.
The Asset Representations Reviewer will use such determination for all Subject Leases that are subject to the same Test.